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CNBC
18 hours ago
- Business
- CNBC
In one of the world's most expensive cities, more workers are living paycheck to paycheck
Singapore's reputation for financial prudence and high savings is showing signs of strain. Rising costs and a growing prioritization for experiences and self-care are taking precedence over long-term financial planning, experts observed. "At the end of every month, when my salary is in, I use it to pay my credit bills, parents' allowance, insurances and investments," said 32-year-old Singaporean Jovan Yeo, who works for a digital bank services firm. "After all these, my salary is back to zero again, with nothing much to save," he said, adding that other expenses go into travel, dining out and fitness class memberships. 60% of workers in Singapore were living paycheck to paycheck in 2024 — notably higher than regional peers including China, South Korea, Japan and Indonesia, and above the Asia-Pacific average of 48%, a recent 2025 research from the payroll company ADP found. While this was the first time the research by ADP, which surveyed nearly 38,000 people in 34 markets, had this specific paycheck metric, other reports paint a similar picture. A survey conducted by global research advisory firm Forrester Research found that back in 2021, the percentage of Singaporean consumers who lived paycheck to paycheck was lower at 53%. Furthermore, while young Singaporeans in their 20s are more likely than other age groups to spend beyond their means in order to keep up with their peers, fewer Singaporeans between their 20s and 50s have started making financial plans for their retirement as compared to 2023, Oversea-Chinese Banking Corp's most recent financial wellness report published in late 2024 showed. Yeo acknowledged the importance of saving, but told CNBC that it is an increasingly herculean feat to save with the country's rising costs of living. "I can save if I don't go out, but I want to have a life and experience life too!" Maybank Research's economist Brian Lee noted that certain macroeconomic factors have made saving in Singapore objectively harder. Even though Singapore's inflation has recently cooled to a four-year low, the country still has one of the highest costs of living, according to multiple surveys, due to structural factors like expensive housing and import costs. According to Numbeo's cost of living indices, which pools crowdsourced data across groceries, utilities and transportation fares, among other indicators, Singapore's Cost of Living Index came in fifth globally at 85.3 as of mid-2025, but first in the region. The reading also marked an 11% jump year over year.A survey published in April by data analytics firm YouGov found that the cost of living was the top concern of 72% of the 1,845 Singaporeans polled, followed by healthcare and the challenges of an aging population. Living expenses have risen faster than incomes during the post-pandemic bout of elevated consumer price inflation," Lee said. This means that the typical worker's purchasing power has shrunk slightly on average each year since the pandemic, instead of growing as it did in the past. Real median employment income fell by 0.4% per annum between 2019 and 2024, reversing the average annual growth of 2.2% seen from 2014 to 2019, according to data from Maybank. While real wage growth recovered in 2024, it is expected to moderate in 2025 as a result of tariff-related impact, in particular for trade-reliant sectors like wholesale trade and manufacturing, said the country's Ministry of Manpower. Housing costs have further compounded the pressure, Lee added. Resale prices of Singapore's public apartments — which house nearly 80% of residents — rose 9.6% in 2024, quicker than the 4.9% in 2023, data from the country's Housing Development Board showed. "Singapore has limited land, space and natural resources. This translates into high property prices, high car prices, and a reliance on imported food," the Maybank economist said. "Due to our reliance on imports, our domestic inflation is very much correlated to global inflation, which has been high due to pandemic disruptions associated with increased goods demand, labor shortages and supply chain snags," he added. Other experts CNBC spoke to observed that the issue goes beyond the higher cost of living — it reflects deeper social and cultural shifts, such as not feeling as much need to save, or spending beyond their means. PhillipCapital's wealth manager, Joshua Lim, observed that spending has become increasingly aspirational. "Luxury is a big thing here — Mercedes is one of the top-selling brands. People are pushing for a certain image, a certain lifestyle." Cars are significantly more expensive in Singapore because of the Certificate of Entitlement system, which requires buyers to bid for a limited permit just to own a vehicle. The COE alone, which was introduced to manage road congestion, can cost over 100,000 Singapore dollars, sometimes exceeding the price of the car itself. "For 100% spenders, or those who don't really like to save, it's also because they're spending what they haven't even received yet," Lim said, noting that buy now, pay later plans are also making it easier for Singaporeans to commit to future spending before they have the cash. According to Singapore's central bank, BNPL transactions reached around SG$440 million in 2021, a nearly fourfold increase from 2020. Research firm IDC expects BNPL payments in e-commerce transactions in Singapore to increase from 4% in 2023 to 6% by 2028. This shift, Lim argues, is part of a broader "debt society," where instant gratification and lifestyle signaling trump long-term financial prudence, as compared to earlier-generation Singaporeans. Lim also mentioned that most of his clients who live paycheck to paycheck are largely the middle-income earners, which make up 60% to 70% of his clientele seeking consultations on how to save more. High-income earners make up 20% of his client base, while those in the low-income bracket make up the least at 10%. Consumerism is more deeply entrenched than ever, which can make saving harder, said He Ruiming, co-founder of The Woke Salaryman, a Singapore-based blog focusing on personal finance education. "This is the generation who grew up on a lot more marketing, so the urge to buy is a lot more, and they compare themselves to a lot more people," said He, who is currently a council member in Singapore's National Youth Council, a government body focused on youth development. 34-year-old Singaporean Joyce Ang echoed that she does not feel the same urgency as her parents did when it came to saving. "I feel safe to spend, because I don't have a partner yet, and I still live with my parents, so I don't have a house to worry about. I'm not in need of money immediately," she added. Compared to her parents' generation, she believes the priorities of the younger generation have changed. "In my parents' time, they were saving to have children. But nowadays not every one of us wants kids… so we don't have to actually scrimp and save so much," said Ang, who has a take-home pay of around SG$3,800 ($2,949) per month. Singaporeans' take-home pay is lower than their full salary because of mandatory Central Provident Fund (CPF) contributions. Every month, a portion of their salary — up to 20% for employees under 55 — is automatically deducted for retirement, housing, and healthcare savings. While Singaporeans can only withdraw $5,000 or more from CPF savings once they hit 55, they can tap on these savings to pay for housing and some medical costs at any age. "It's not that difficult to save. I set aside some of my allowance for my parents so if I wanted to, I can just set aside another pool of money for savings," said Ang. "But I don't think I need to do that at this point in time," she chuckled.
Techday NZ
2 days ago
- Business
- Techday NZ
Netskope named leader in SASE & SSE by major industry analysts
Netskope has been recognised by several industry analysts for its performance in the Security Service Edge (SSE) and Secure Access Service Edge (SASE) markets. The company received the highest scores in three out of four Use Cases in the 2025 Gartner Critical Capabilities report for Secure Access Service Edge (SASE) Platforms. In addition, Netskope was ranked among the top two vendors for all Use Cases in both the 2025 Critical Capabilities report for SSE and the 2025 Critical Capabilities report for SASE Platforms. Gartner also recognised Netskope as a Leader for the second consecutive year in its 2025 Magic Quadrant for SASE Platforms, and as a Leader for the fourth consecutive year in its 2025 Magic Quadrant for Security Service Edge. Gartner positioned Netskope furthest in its vision axis in both Magic Quadrants for SASE Platforms and SSE. The company also achieved Leader status in the 2025 IDC MarketScape for Data Loss Prevention (DLP) and was acknowledged as a Leader in SSE by Forrester Research in 2024. Netskope supports organisations in modernising for the cloud and artificial intelligence era by combining security, network, and analytics products within its unified Netskope One platform. This architecture incorporates zero trust principles and SkopeAI, the company's suite of proprietary AI technologies, to optimise access, safeguard data, mitigate threats, and facilitate secure connectivity from any location. Netskope One operates via the NewEdge network, which the company describes as a large-scale global private security cloud network. The Netskope One platform encompasses requirements for SSE and SASE, integrating features such as Software-Defined Wide Area Networking (SD-WAN), Cloud Access Security Broker (CASB), Next-Generation Secure Web Gateway (Next-Gen SWG), Zero Trust Network Access (ZTNA), Remote Browser Isolation (RBI), Enterprise Browser, Data Security Posture Management (DSPM), Data Loss Prevention (DLP), Firewall-as-a-Service (FWaaS), and Digital Experience Management (DEM). Gartner recognition The 2025 Gartner Critical Capabilities report assessed the solutions from 11 vendors across four key Use Cases for SASE platforms. Netskope scored highest in the Foundational SASE Platform Use Case, Zero Trust SASE Platform Use Case, and "Coffee Shop" Networking Use Case. For the Secure Branch Network Modernisation Use Case, Netskope recorded the second highest score among the evaluated vendors. "We are very proud of our continued leadership in SASE, SSE, and other high-growth market categories," said Parag Thakore, Chief Product Officer, SASE, Netskope. "The power of our Netskope One platform means customers can benefit from advanced capabilities without trade-offs between security and network performance." Ed Fox, Chief Technology Officer at MetTel, commented on the collaboration between the organisations and Netskope's reputation in the SASE and SSE markets. "We've worked with Netskope on integrating our global networks to deliver their leading SASE platform with our fully managed services and providing award-winning, AI-powered SASE solutions to enterprise and government teams worldwide," said Fox. "We believe that Netskope's leadership in SASE and SSE pairs very well with MetTel's 5-time Leader recognition in the Gartner Magic Quadrant for Managed Network Services." Recent product enhancements Netskope has made several recent enhancements to its SASE offerings. The Netskope One Orchestrator, referred to as One Console, is a unified SASE console with scalable four-tier multi-tenant management. It supports centralised policy, data, and analytics management for SD-WAN and SSE from a single interface, scaling from midmarket to global enterprise environments with advanced security, networking, observability, and granular role-based access control. One Gateway provides wireless connectivity options such as 5G with eSIM and Wi-Fi 6, supporting deployment as physical or virtual appliances in branches, data centres, or across multiple clouds. These gateways are designed to reduce the reliance on multiple point products and can run SD-WAN and additional AI-powered services, supporting both Netskope and third-party networking and security services. The Netskope One Client is a unified SASE client that consolidates SD-WAN and Endpoint DLP with SSE, including ZTNA, SWG, RBI, and CASB. This eliminates the need for multiple agents and provides secure, optimised access to all applications. It also supports full VPN retirement and universal ZTNA capabilities to ensure a consistent experience regardless of user location. Netskope's NewEdge infrastructure, comprising the One Network, offers global coverage with full-compute SSE and SD-WAN capabilities at every data centre. It delivers route control to address ISP issues rapidly and provides integrated secure SD-WAN services for a range of networking requirements, including site-to-site, site-to-cloud, and cloud-to-cloud connections. The Zero Trust Engine, or One Engine, is designed to analyse applications and cloud services to manage content, context, application, device, and user risk. The intelligence generated feeds into SSE and SD-WAN for detailed, context-aware policies, and references a database of more than 83,000 applications rated by the Netskope Cloud Confidence Index. The platform supports automated application prioritisation, including for Software-as-a-Service (SaaS) and generative AI applications. Netskope One Gateway and SSE features are also integrated with switches and access points from multiple vendors, embedding AI-driven controls and enforcing segmentation policies dynamically.
Yahoo
6 days ago
- Business
- Yahoo
Is the Options Market Predicting a Spike in Forrester Stock?
Investors in Forrester Research, Inc. FORR need to pay close attention to the stock based on moves in the options market lately. That is because the Sept. 19, 2025 $5 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Forrester shares, but what is the fundamental picture for the company? Currently, Forrester is a Zacks Rank #3 (Hold) in the Computer – Services industry that ranks in the Top 40% of our Zacks Industry Rank. Over the last 30 days, one analyst increased the earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 32 cents per share to 31 cents in that period. Given the way analysts feel about Forrester right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Forrester Research, Inc. (FORR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
Forrester Research (FORR) Reports Q2 Earnings: What Key Metrics Have to Say
Forrester Research (FORR) reported $111.66 million in revenue for the quarter ended June 2025, representing a year-over-year decline of 8.3%. EPS of $0.51 for the same period compares to $0.68 a year ago. The reported revenue represents a surprise of +1.55% over the Zacks Consensus Estimate of $109.95 million. With the consensus EPS estimate being $0.50, the EPS surprise was +2%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Forrester Research performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Research: $77.93 million versus $75.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change. Revenue- Consulting: $23.49 million versus the three-analyst average estimate of $22.16 million. The reported number represents a year-over-year change of -5.3%. Revenue- Events: $10.24 million versus $12.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change. View all Key Company Metrics for Forrester Research here>>> Shares of Forrester Research have returned -4.7% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Forrester Research, Inc. (FORR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
21-07-2025
- Business
- Yahoo
Teradata Named a Leader in Data Management for Analytics Platforms
SAN DIEGO, July 21, 2025--(BUSINESS WIRE)--Teradata (NYSE: TDC) announced today that Forrester Research has named the Company a Leader in The Forrester Wave™: Data Management For Analytics Platforms, Q2 2025, written by principal analyst Noel Yuhanna with Aaron Katz, Emily Doherty, and Jen Barton, April 14, 2025. The Forrester report evaluated Teradata among 11 Cloud Data Management for Analytics providers and noted that: "Teradata's strong and differentiated vision aims to democratize access to data and AI for all users by continually enhancing its data management capabilities and facilitating a smooth transition to a data fabric architecture. Teradata's roadmap focuses on advancing genAI/LLM, real-time data quality, expanding sharing/collaboration capabilities, and supporting more interactive data visualization." Additionally, the Forrester report states: "Teradata excels in seamless operationalization of workloads because of in-platform analytics, data modeling, transformation, and data integration, by supporting complex environments with cutting-edge tools, extensive data connectors, and prebuilt, industry-specific data models that accelerate insights. It is competitive with other vendors across the board regarding additional capabilities. VantageCloud offers a unified platform that integrates diverse data types and sources, supporting various analytical queries and advanced analytics. Additionally, Teradata offers flexible deployment options, including on-premises, cloud, and hybrid environments, catering to a variety of business needs and data strategies." "We're honored to be named a Leader in The Forrester Wave™: Cloud Data Management for Analytics Platforms. To us, this recognition underscores our commitment to helping enterprises turn data into value—no matter where it lives or how complex the environment is," said Sumeet Arora, Chief Product Officer at Teradata. "What we believe sets Teradata apart is our ability to operationalize AI and analytics at scale with a unified platform that seamlessly integrates diverse data sources, supports real-time insights, and meets organizations where they are—whether on-prem, in the cloud, or anywhere in between. Our mission to deliver harmonized data and trusted AI at scale is driving innovation that enables our customers to make smarter, faster decisions." According to Forrester's market description of the DMA market: "As the demand for real-time analytics continues to grow, businesses require increasingly integrated and automated data management solutions to effectively accelerate use cases. DMA offers a flexible and scalable platform that seamlessly integrates metadata, real-time streaming, transformation, integration, quality, and security and governance capabilities. The modern DMA platform market is undergoing a transformation, driven by advanced automation, built-in data intelligence, and AI-powered data management capabilities, elevating DMA to the next level. Providers recognize generative AI (gen AI) as a transformative force that is helping shape DMA through enhanced automation and intelligence." Teradata believes Forrester's description of DMA platforms aligns with Teradata's open, integrated and flexible approach to data management, and that is why it was positioned as a Leader in The Forrester Wave™: Data Management for Analytics Platforms, Q2 2025. For more information: Read the Forrester Wave™: Data Management for Analytics Platforms, Q2 2025 Learn more about Teradata Vantage and Trusted AI Explore Teradata demos that drive AI innovation Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester's objectivity here . About Teradata At Teradata, we believe that people thrive when empowered with trusted information. We offer the most complete cloud analytics and data platform for AI. By delivering harmonized data and Trusted AI, we enable more confident decision-making, unlock faster innovation, and drive the impactful business results organizations need most. See how at The Teradata logo and ClearScape Analytics are trademarks, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide. View source version on Contacts MEDIA CONTACTS January Sign in to access your portfolio
